La tasa de variación anual del IPRIX se sitúa en el –0,6%, cinco

4 November 2014
Export and Import Price Indices of
Industrial Products. Base 2010
September 2014. Provisional data
The annual variation rate of the IPRIX stands at –0.6%, five tenths
above that registered in August
The annual variation rate of the IPRIM is –1.6%, one tenth below
that registered in the previous month
Annual evolution of export prices
The annual rate of the Export Price Index (IPRIX) for the month of September was –0.6%,
five tenths above that registered in August.
Annual Evolution of the IPRIX
General index
3.0
2.0
1.0
0.5 0.4
0.0
-1.0
-0.6
-2.0
-0.6
-1.2 -1.4 -1.1
-1.5
-2.1
-3.0
-1.9
-2.5 -2.4 -2.6 -2.7
-2.7
-3.0 -2.9
-4.0
-2.8
-3.5
September
August
July
June
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
March
February
2013 January
-6.0
-3.7
-4.4
-5.0
By economic destination of the goods, among the industrial sectors contributing to the
increase registered in the annual rate of the IPRIX, worth noting:
 Energy, whose variation rate increased by more than seven points, reaching 1.4%. This
evolution was due to the increase in the prices of Electric power generation, transmission
and distribution, whose annual rate stood at 16.1%, the highest registered since October
2011.
IPRIX-IPRIM - SEPTEMBER 2014 (1/13)
It is also worth noting, although to a lesser extent, that the prices in Manufacture of refined
petroleum products increased, as compared to the decrease in the previous year.
 Intermediate goods, which registered an annual variation of –0.1%, three tenths higher
than that registered in August. This variation was due to the increase in the prices of
Manufacture of basic precious and other non-ferrous metals, Manufacture of basic iron and
steel and of ferro-alloys and Manufacture of rubber products, which decreased in September
2013.
In fact, Manufacture of basic precious and other non-ferrous metals and Manufacture of
basic iron and steel and of ferro-alloys registered their highest annual rate since September
2011 and December 2011, respectively.
Within this sector, worth noting was the increase of nine tenths in the annual rate of
Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic
rubber in primary forms, which recorded a greater decrease in prices this month, as
compared with the decrease registered in 2013.
Contribution of the industrial sectors to the annual ra te of the IPRIX
Durable consumer goods
Non-durable consumer goods
Capital goods
Intermediate goods
0.005
0.000
-0.021
0.119
Energy
0.417
DIFFERENCE OF THE ANNUAL RATE OF THE GENERAL IPRIX 0.5
IPRIX-IPRIM – SEPTEMBER 2014 (2/13)
Monthly evolution of export prices
In September 2014, the industrial export prices registered a 0.5% monthly variation, as
compared with the previous month.
Monthly evolution of the IPRIX
General index
0.8
0.6
0.6
0.5
0.4
0.4
0.2
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
-0.2
-0.2
-0.3
-0.4
-0.4
-0.3 -0.3
-0.6
-0.8
-0.7
September
August
July
June
May
April
March
February
December
November
October
September
August
July
June
May
April
March
February
2013 Januay
-1.0
2014 January
-0.8 -0.8
-0.9
By economic destination of the goods, all the industrial sectors registered a positive effect on
the monthly general index. Among them, worth noting:
 Energy, which registered a rate of 6.6%. This behaviour was mainly due to the increase in
the prices of Electric power generation, transmission and distribution. Its contribution to the
general index was 0.359.
 Intermediate goods, which registered a monthly rate of 0.2% and a contribution of 0.072.
This behaviour was due to the increase in prices of Manufacture of basic precious and other
non-ferrous metals and Manufacture of rubber products. It is also worth noting the decrease
in prices of Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and
synthetic rubber in primary forms.
 Capital goods, which registered a monthly rate of 0.1%. Worth noting in this behaviour is
the increase in prices of Manufacture of motor vehicles. Its contribution in the IPRIX was
0.022.
 Non-durable consumer goods, which registered a monthly rate of 0.1%. Its contribution
to the general index was 0.020.
IPRIX-IPRIM – SEPTEMBER 2014 (3/13)
A more detailed analysis showed the activities that most contributed to the monthly rate of
the IPRIX in the month of September.
Activities with the greatest positive contribution to the monthly rate of the
IPRIX
Activity (CNAE-09)
Electric power generation, transmission and distribution
Manufacture of basic precious and other non-ferrous
metals
Manufacture of vegetable and animal oils and fats
Manufacture of rubber products
Monthly rate Contribution
(%)
22.0
0.356
1.0
1.5
1.1
0.032
0.020
0.018
Activities with the greatest negative contribution to the monthly rate of the
IPRIX
Activity (CNAE-09)
Manufacture of basic chemicals, fertilisers and nitrogen
compounds, plastics and synthetic rubber in
primary forms
Processing and preserving of meat and production of
meat products
Processing and preserving of fish, crustaceans and
molluscs
Monthly rate
(%)
Contribution
–1.0
–0.067
–2.1
–0.044
–0.8
–0.006
IPRIX-IPRIM – SEPTEMBER 2014 (4/13)
Annual evolution of industrial prices of domestic and international markets in
aggregate
In September, the Industrial Price Index of the domestic and international markets, obtained
from the addition of the IPRI and the IPRIX, registered an annual rate of –0.3%, the same as
that registered in August.
Annual evolution of the IPRI+IPRIX, IPRIX and IPRI
General index
4.0
3.0
2.7
2.2
2.0
2.1
1.0
1.3 1.2
1.7
0.7
0.5 0.4
-0.1
-0.1
-0.6
-0.2
0.0
0.6
0.3 0.3
0.1
0.3
-0.2
-0.2
-0.5
-0.1
-0.6
-1.0
-1.1
-1.5
-2.0
-2.1
-2.5 -2.4
-3.0
-0.3
-0.6 -0.9
-0.7
-0.8
-1.5
-3.0 -2.9
-3.1
-0.5 -0.6
-0.7 -0.7 -0.6
-1.1
-1.4
-1.9
-2.1
-2.8
-2.7
-3.5
-4.0
-0.1
-0.9 -0.9
-1.2
-1.9
-2.3
-2.6 -2.7
-0.3
-0.5
-3.4
-3.7
IPRI+IPRIX
IPRIX
September
August
July
June
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
February
2013 January
March
-4.4
-5.0
IPRI
IPRIX-IPRIM – SEPTEMBER 2014 (5/13)
Annual evolution of import prices
The Import Price Index (IPRIM) registered an annual rate of –1.6% in September, one tenth
below that registered in August.
Annual evolution of the IPRIM
General index
3.0
2.0
1.0
0.0
0.0
-1.0
-0.2
-1.0
-2.0
-1.5
-1.7
-1.9
-2.2
-3.0
-3.1 -3.0
-3.3
-4.0
-3.3
-2.9
-2.5 -2.5
-2.5
-3.0
September
August
July
June
May
April
March
February
2013 January
December
November
October
September
August
July
June
May
April
March
February
-3.9
2013 January
-5.0
-3.0
-1.5 -1.5 -1.6
By economic destination of the goods, the industrial sector that contributed the most to the
decrease in the annual rate of the IPRIM was:
 Energy, whose rate decreased by one point and a half, standing at –6.4%. This was due to
the decrease in the prices of Extraction of crude petroleum and natural gas, which increased
in September 2013.
Furthermore, prices of Manufacture of coke and refined petroleum products increased more
than one point in the annual rate within this sector, whereas they decreased in September
2013.
In turn, among the industrial sectors that increased their annual rate, worth noting:
 Intermediate goods, with a 0.2% rate, increasing by five tenths, due to the increase in the
prices of Metallurgy; manufacture of basic iron and steel and of ferro-alloys which decreased
in September 2013. In fact, this activity registered its highest annual rate since December
2011.
 Non-durable consumer goods, with a rate of 0.9%, that is, seven tenths higher than that
registered in August. This was due to the increase in prices of Manufacture of wearing
apparel and Manufacture of pharmaceutical products, which decreased in September 2013.
IPRIX-IPRIM – SEPTEMBER 2014 (6/13)
Contribution of the industrial sectors to the anual rate of the IPRIM
Durable consumer goods
0.037
Non-durable consumer goods
0.132
Capital goods
-0.009
Intermediate goods
Energy
0.157
-0.377
DIFFERENCE IN THE ANNUAL RATE OF THE GENERAL IPRIM
–0.1
A more detailed analysis showed the sectors that registered the greatest decreases in their
annual rates. Among them, worth noting:
 Extraction of crude petroleum and natural gas, whose rate decreased by two points and
a half, reaching –7.7%, due to the decrease in the prices of this activity this month, whereas
they increased in the previous year.
 Manufacture of motor vehicles, trailers and semi-trailers, with a –0.4% variation, seven
tenths lower than that registered in August. This was due to the decrease in prices during
this month, as compared to the increase registered in September 2013.
In turn, among the industrial sectors that increased their annual rate, worth noting:
 Manufacture of computer, electronic and optical products, whose rate increased by
more than one point and a half, standing at –4.0%.
 Manufacture of coke and refined petroleum products, which increased its annual rate
more than one point, reaching –2.6%.
 Manufacture of chemicals and chemical producst, with a 0.4% variation, four tenths
higher than that registered in August.
 Manufacture of wearing apparel, whose annual rate increased one point, reaching 2.1%,
as compared with August.
IPRIX-IPRIM – SEPTEMBER 2014 (7/13)
Monthly evolution of import prices
In September, the monthly variation of the Import Price Index was 0.1%.
Monthly evolution of the IPRIM
General index
1.0
0.6
0.5
0.5
0.4
0.2
0.3
0.2
0.2
0.1
0.0
-0.3
-0.2
0.0
-0.1
-0.1
-0.1
-0.2
-0.2
-0.1
-0.3
-0.5
-1.0
-1.0
-1.1
-1.5
September
August
July
June
May
April
March
February
2014 Januay
December
Novemer
October
September
August
July
June
May
April
February
2013 January
-2.0
March
-1.5
By economic destination of the goods, the industrial sectors with a monthly positive effect in
the general index were:
 Intermediate goods, which registered a variation of 0.5%, and an effect of 0.124.
 Non-durable consumer goods, whose monthly rate stood at 0.5%, due to the increase in
the prices of Manufacture of wearing apparel. This sector had an effect of 0.103 in the
general index.
 Durable consumer goods, whose monthly rate stood at 0.5% and had an effect of 0.026
in the general IPRIM.
In turn, among the sectors registering a negative effect in the general index, worth noting:
 Energy, with a variation rate of –0.6% and an effect of –0.140. This was due to the
decrease in the prices of Extraction of crude petroleum and natural gas.
IPRIX-IPRIM – SEPTEMBER 2014 (8/13)
A more detailed analysis showed the activities with the greatest effect on the monthly rate of
the IPRIM in September.
Activities with the greatest positive contribution to the monthly rate of the
IPRIM
Activity (CNAE-09)
Manufacture of coke and refined petroleum products
Manufacture of computer, electronic and optical products
Manufacture of wearing apparel
Manufacture of chemicals and chemical products
Manufacture of electrical equipment
Manufacture of leather and related products
Mining of metal ores
Monthly rate Contribution
(%)
0.9
0.057
0.5
0.039
0.8
0.034
0.3
0.032
0.6
0.023
1.3
0.020
1.5
0.020
Activities with the greatest negative contribution to the monthly rate of the
IPRIM
Activity (CNAE-09)
Extraction of crude petroleum and natural gas
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of tobacco products
Monthly rate Contribution
(%)
–1.2
–0.209
–0.2
–0.020
–0.3
–0.002
IPRIX-IPRIM – SEPTEMBER 2014 (9/13)
Export and Import Price Indices
of Industrial Products. Base 2010
September 2014
Provisional data
1.Export Indices: general index and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
104.5
0.5
0.1
-0.6
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
104.8
96.6
107.2
102.1
105.9
104.8
0.1
0.1
0.1
0.1
0.2
6.6
-0.1
-1.5
0.1
-0.5
0.5
1.5
-1.2
-2.6
-1.0
-1.0
-0.1
1.4
Year
to date
0.022
0.002
0.020
0.022
0.072
0.359
-0.023
-0.041
0.017
-0.161
0.198
0.087
2. Import Indices: general index and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
109.3
0.1
-0.2
-1.6
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
106.5
100.5
108.4
99.9
107.3
128.9
0.5
0.5
0.5
0.0
0.5
-0.6
0.9
0.6
1.0
0.0
1.2
-3.1
0.5
-0.8
0.9
-1.0
0.2
-6.4
Year
to date
0.129
0.026
0.103
-0.005
0.124
-0.140
0.245
0.034
0.211
0.003
0.335
-0.747
3. Indices in aggregates of domestic and international markets
(IPRI+IPRIX): general and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
109.9
0.5
0.0
-0.3
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
106.7
100.8
107.8
102.0
106.4
128.5
-0.1
0.1
-0.1
0.1
0.1
2.2
0.3
0.0
0.3
0.2
0.1
-0.6
-0.7
-0.3
-0.7
-0.2
-0.5
0.1
Year
to date
-0.025
0.002
-0.027
0.027
0.034
0.442
IPRIX-IPRIM - SEPTEMBER 2014
0.074
0.001
0.073
0.037
0.030
-0.126
(10/13)
4. Export indices: general index and by branch of activity (CNAE 2009)
Index
GENERAL INDEX
B. Mining and quarrying industries
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Printing and service activities related to printing
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
Repair and installation of machinery and equipment
D. Supply of electrical energy and gas
104.5
134.1
187.9
108.0
104.8
110.6
106.2
111.2
109.0
106.6
111.3
108.2
107.3
99.1
118.7
111.3
102.2
107.2
105.2
101.2
103.2
74.6
101.6
104.7
101.2
101.8
103.7
105.3
102.5
72.5
Monthly
Annual
% Variationn Effect
% Variation
0.5
1.3
1.2
1.4
0.1
0.009
0.003
0.006
0.110
-0.6
2.4
2.6
2.2
-0.8
-0.2
0.2
0.0
0.9
1.5
0.3
-0.014
0.003
0.000
0.011
0.007
0.004
-3.1
-2.6
-3.5
0.9
3.8
1.9
0.6
0.4
0.2
0.1
-0.5
0.4
0.7
0.3
0.4
0.3
0.4
0.0
0.0
0.1
0.0
0.1
0.1
0.0
22.0
0.004
0.011
0.001
0.002
-0.054
0.018
0.031
0.009
0.039
0.016
0.006
0.001
0.000
0.013
0.000
0.001
0.000
0.000
0.356
1.1
0.8
1.0
-3.8
-0.2
2.2
-2.0
0.5
1.8
0.4
-13.1
-1.1
-0.3
-1.5
0.0
0.1
1.7
1.4
16.1
IPRIX-IPRIM - SEPTEMBER 2014
(11/13)
5. Import indices: general index and by branch of activity (CNAE 2009)
Index
Monthly
% Variation
GENERAL INDEX
B. Mining and quarrying industries
Extraction of anthracite, coal and lignite
Extraction of crude petroleum and natural gas
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
D. Supply of electrical energy and gas
Annual
Effect
% Variation
109.3
127.5
87.5
132.0
100.8
110.2
106.1
115.8
104.8
121.3
115.9
111.3
113.0
0.1
-1.0
-0.3
-1.2
1.5
0.1
0.4
-0.191
-0.001
-0.209
0.020
0.000
0.286
-1.6
-7.2
-8.2
-7.7
-0.2
-1.2
-0.2
0.1
0.0
-0.3
1.4
0.8
1.3
0.008
0.000
-0.002
0.019
0.034
0.020
-0.9
0.5
3.1
1.7
2.1
1.6
111.4
105.2
124.4
111.9
0.8
0.6
0.9
0.3
0.3
0.3
0.2
0.1
0.3
0.5
0.6
0.2
-0.2
0.1
0.3
0.2
32.7
0.005
0.009
0.057
0.032
0.014
0.009
0.002
0.003
0.008
0.039
0.023
0.013
-0.020
0.003
0.003
0.005
0.013
3.9
-1.7
-2.6
0.4
0.2
-0.3
0.7
1.1
0.2
-4.0
0.5
0.7
-0.4
1.7
0.8
0.6
10.3
93.9
110.6
107.1
102.4
105.4
89.9
103.1
105.6
101.1
107.9
105.3
105.4
95.8
IPRIX-IPRIM - SEPTEMBER 2014
(12/13)
6.Indices in aggregates of domestic and international markets
(IPRI+IPRIX): general and by branch of activity (CNAE 2009)
Index
Monthly
% Variation
GENERAL INDEX
B. Mining and quarrying industries
Extraction of anthracite, coal and lignite
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Printing and service activities related to printing
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipme
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
Repair and installation of machinery and equipment
D. Supply of electrical energy and gas
E. Supply of water
For further information see INEbase - www.ine.es/en/
Annual
Effect
% Variation
109.9
108.3
110.7
182.2
103.1
107.2
111.6
107.9
117.0
107.0
99.8
108.2
0.5
0.0
-2.2
0.3
0.3
0.0
-0.3
0.0
0.0
0.3
0.4
0.2
0.000
-0.002
0.000
0.002
0.023
-0.051
0.001
0.000
0.003
0.004
0.002
-0.3
1.0
5.5
0.7
0.3
-0.9
-2.2
-0.5
0.8
0.6
0.4
1.3
105.2
105.0
105.2
126.5
0.2
0.2
-0.2
-0.2
-0.4
0.1
0.2
0.3
0.8
0.2
0.1
0.0
0.0
0.1
0.5
0.1
0.4
0.1
3.7
0.1
0.002
0.005
-0.003
-0.011
-0.031
0.004
0.008
0.012
0.043
0.010
0.001
0.000
0.000
0.008
0.012
0.002
0.003
0.001
0.454
0.001
1.0
0.0
0.6
-5.3
-0.5
1.7
-0.7
0.0
1.5
-0.3
-7.4
-0.3
0.5
-0.9
0.8
0.7
0.9
0.3
2.9
1.9
112.3
100.9
107.9
102.8
102.0
101.8
82.4
104.2
104.0
101.2
102.0
103.6
105.1
100.4
129.9
115.3
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IPRIX-IPRIM - SEPTEMBER 2014
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